date:Jul 20, 2012
Following a sales process over recent months, Nestle Australia announced at the end of June 2012 that it had agreed to sell Peters, including its Mulgrave factory in Victoria, to Sydney-based PEP for an undisclosed sum.
PEP has acquired the long-term licence to market and sell in Australia household brands such as Frosty Fruits and Monaco Bar, along with other global Nestle ice cream brands, including Drumstick, Heaven, Maxibon, Skinny Cow and Milo Scoop Shake.
Nestle Australia managing director